Global Internet of Things Gateways Market Synopsis
As per the analysis by Market Research Future
Reports (MRFR), the global Internet of Things Gateways Market is estimated to expand at a
CAGR of 16.9% during the forecast period from 2018 to 2023. There has been a
rise in the usage of connected devices at a global level. The development of
networking technologies is the primary factor in augmenting market growth
during the review period.
Besides, the rising usage of wireless sensors in
commercial and industrial applications is projected to be another factor for
expanding the global IoT gateways market 2020. The rising need for big data
analytics to support a complicated network architecture in healthcare and other
sectors are estimated to propel the demand for IoT gateways in the forthcoming
period. The big data assists in analyzing sensor data and collects data for
many industrial machines like turbines, oil refineries, and others.
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Moreover, it assists in innovating new business
models, service offerings, and products. The increasing demand for IoT,
including smartwatches, increasing usage of wearable devices, fitness trackers
and activity trackers, and increasing demand for personalized technology in
consumer markets, are likely to propel the market during the forecast period.
However, the expensive price of IoT gateway acts as a hurdle in the expansion
of the market. Besides, the outbreak of COVID-19 has caused most of the
operations to be compromised. The organizations are innovating ideas that may
improve revenue.
Market Segmentation
The global IoT gateways market can be segregated on
the basis of connectivity, type, component, node, application, and region.
On the basis of connectivity, the global IoT
gateways market can be segregated into Wi-Fi, cellular, Bluetooth, ZigBee,
Ethernet, and others.
On the basis of component, the global IoT gateways
market can be segregated into the memory card, MCU, sensor, FPGA, and others.
On the basis of the node, the global IoT gateways
market can be segregated into the thermostat, smartwatch, RADAR, camera,
actuator, and smart tv
On the basis of application, the global IoT gateways
market can be segregated into consumer electronics, wearable devices,
industrial, healthcare, building automation, automotive and transportation, and
others.
On the basis of region, the global IoT gateways
market can be segregated into Asia-Pacific, Europe, North America, and the Rest
of the World (RoW).
Regional Analysis
On the basis of geographical analysis, Asia-Pacific,
Europe, North America, and the Rest of the World.
As per the analysis, the North American market is
estimated to lead the IoT gateway market due to research and development on
industry and academic levels is widening the application areas of IoT in
several sectors like healthcare, consumer products, manufacturing, automotive
and transportation, energy, and power. The U.S. plays a significant role in the
expansion of the market. On the other side, the Asia-Pacific region is
projected to be the fastest-growing region for the IoT gateway market due to an
increase in investment in IoT by the organizations established in the region.
The presence of the fastest evolving economies like India and China has played
a considerable role in the growth of the market. The increasing implementation
of IoT technology in the healthcare industry is likely to offer several
opportunities to the APAC market for developed healthcare facilities.
Key Players
The forefront players of global IoT gateways market
are Huawei Technologies Co. Ltd. (China), Siemens AG (Germany), Fujitsu Ltd. (Japan), Eurotech SPA (Italy),
Sierra Wireless, Inc. (Canada), Cisco
Systems, Inc., (U.S.), NEC Corporation (Japan), Hewlett Packard Enterprises
Company (U.S.), Mitsubishi Electric Corporation (Japan), Dell Technologies
(U.S.), Toshiba Corporation (Japan),
Lantronix Inc. (U.S.), Robert Bosch GmbH (Germany).
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